Blue Heron Capital Fund II, LP
Blue Heron Capital · adviser of record: Blue Heron Capital Management, LLC · 2018 vintage
Blue Heron Capital Fund II, LP is a 2018 venture fund managed by Blue Heron Capital, with $75mm raised (Form D, amount sold). It reported $52.1mm in gross assets at year-end 2025, 0.69x its size, its highest reported value.
- Latest value held
- $52.1mm year-end 2025
- Peak
- $52.1mm year-end 2025
- Fund size
- $75mm Form D, amount sold
- Held vs. size
- 0.69x peak 0.69x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $52.1mm | 0.69x | +7% over 2 yrs |
| 2023 | $48.7mm | 0.65x | +1% |
| 2022 | $48.3mm | 0.64x | +10% |
| 2021 | $43.8mm | 0.58x | +39% |
| 2020 | $31.6mm | 0.42x | +0% |
| 2019 | $31.6mm | 0.42x | +113% |
| 2018 | $14.8mm | 0.20x | – |
Other funds from Blue Heron Capital
- Blue Heron Capital Fund III, LP 2022
- BHC PF CO-Invest, LLC 2022
- BHC HC CO-Invest III, LLC 2022
- BHC YS CO-Invest, LLC 2022
- BHC AX CO-Invest, LLC 2022
- BHC CT CO-Invest, LLC 2021
- BHC AW CO-Invest, LLC 2020
- BHC Is CO-Invest, LLC 2020
- BHC HC CO-Invest II, LLC 2019
- BHC CH CO-Invest, LLC 2019
- BHC AZ CO-Invest LP 2018
- BHC VT CO-Invest, LLC 2018
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-3058466981. Data updated October 13, 2026.
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